Tuesday, February 14, 2017

I have a lot of admiration for Elizabeth Warren. We basically have an "emperor has no clothes" situation, in terms of Trump and his lies. A lot of people (mainly, the GOP) are nodding and pretending he has clothes. But not Elizabeth. She talked to the Federal Reserve Chair, Janet Yellen, about the lies Trump spread because he wants to dismantle Dodds-Frank. Basically, he was saying it's hard for his buddies to borrow money, and the regulations put American banks at a disadvantage vis-a-vis foreign banks. Both statements are completely wrong; in fact, banks of all sizes are more profitable after the regulations. I like how she speaks truth to power.